Watch List for 12.7.016

By Madbash

 

 

FNMA This Pink sheet stock has come alive again with the recent talk of returning Government Sponsored Entities back into the hands of private companies.  This has a lot of overhead resistance in the 3.60 range.  A break of that could take us back up to the 4.20 area.  I am looking to build a short position as this is due to test 3.00 in the next week.

 

NVCN This contract winner has been off the chain.  It is pretty cool to watch it unfold as it is a slow moving monster.  Probably going to head to the downside now.  Hard to find shares to short.

 

VNR I have a short position on this.  Risky play because of news potential, but this is might overextend right now.

 

 

AMMJ, XXII, CANN, CBDS These weed stocks are all kinda coming alive off their recent lows.  I have a short position in AMMJ & CANN.  I would look to short any big spikes, especially if CBDS can get back over 6.  The sector will most likely cool off, although these stocks are very news dependent. 

 

 

 

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